Sanctuary Advisors LLC Invests $9.19 Million in Teradyne, Inc. $TER

Sanctuary Advisors LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 18,990 shares of the company’s stock, valued at approximately $9,188,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Polymer Capital Management HK LTD acquired a new position in Teradyne in the 2nd quarter valued at $2,330,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Teradyne in the 2nd quarter worth $698,000. Globeflex Capital L P purchased a new stake in shares of Teradyne in the second quarter valued at about $210,000. Bank of Nova Scotia purchased a new stake in shares of Teradyne in the second quarter valued at about $87,061,000. Finally, Compass Financial Management LLC acquired a new position in shares of Teradyne during the second quarter worth about $744,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Down 2.9%

Shares of NASDAQ TER opened at $364.90 on Tuesday. The stock has a market capitalization of $57.05 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91. The firm has a 50-day moving average price of $385.11 and a 200 day moving average price of $355.09.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 103.9% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is currently 7.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TER. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Citigroup raised their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.